In the UK, a total of £1.17 billion was stolen by criminals via unauthorized and authorized fraud in 2024, with consumers falling victim to techniques such as authorized push payment (APP) fraud and social engineering. Stolen money is then being funneled through complex criminal networks via money-laundering schemes, placing significant strain on anti-money laundering (AML) operations.

Payroc, a leading payments platform and merchant acquirer, today announced it has completed its acquisition of BlueSnap, the global Boston-based payment orchestration and AR automation platform. The transaction, first announced following a definitive agreement on July 31, 2025, is now closed and the BlueSnap technology and team will begin operating as part of Payroc effective immediately.

Lumin Digital, a leading cloud-native digital banking provider, has been selected by Ent Credit Union, Colorado’s largest credit union, as its digital banking partner. This partnership will support Ent’s commitment to delivering a seamless, future-ready digital experience across both its retail and business banking platforms.

Visa, a leader in global payments, has announced that its groundbreaking Scam Disruption Practice has identified over $1 billion in fraud attempts since its inception just a year ago – and over $260 million in Europe alone. Working with clients and law enforcement teams around the world, the unit has dismantled more than 25,000 scam merchants.

Klarna, the global digital bank and flexible payments provider, and Google Cloud announced today a strategic, AI-first partnership to accelerate innovation, creativity, and customer-centric products to Klarna's more than 114 million consumers worldwide.

Through this collaboration, Klarna will leverage Google Cloud's complete AI stack, from infrastructure, to platform, to models, to accelerate the development of innovative, consumer-centric products and creative campaigns.

Nuvei Corporation today announces its partnership with Volkswagen Brazil to launch a comprehensive payment solution for connected vehicles in Brazil. This collaboration enables Volkswagen to offer subscription-based connectivity services through an integrated app in the VW Play Connect multimedia system, which debuted in the New Nivus in 2024 and is already available for the New T-Cross and New Tera in 2025.

The payments industry has spent decades waging war on fraud. But according to Chargebacks911, a global leader in dispute resolution and chargeback prevention, data shows merchants are losing more money and goodwill to false declines than to fraud itself. The findings, drawn from the company’s Cardholder Dispute Index and Chargeback Stats, highlight how blunt fraud filters are quietly eroding revenue, trust, and loyalty at a staggering rate.

Happy Money, a leading consumer finance company dedicated to empowering individuals through responsible lending, today unveiled upgraded capabilities to its proprietary lending platform, Hive, which powers its borrower and funding partner ecosystem. Since enhancing the platform, Happy Money has driven faster credit decisions, reduced borrower friction and increased monthly loan originations more than 400% year to date.